Bitcoin has been caught in the throes of an unrelenting bout of sideways trading, but the cryptocurrency is now flashing signs of weakness as it trades just above the lower boundary of this range.Until BTC posts a sustained break below $9,000, its near-term technical outlook will still remain somewhat unclear.That being said, one pattern that…
Bitcoin and the aggregated crypto market have flashed some signs of weakness over the past 24-hours, with the benchmark digital asset reeling down to the lower boundary of its long-held trading range in a sharp overnight movement.This latest volatility comes as multiple factors begin stacking up in seller’s favor.One such factor is the resurgence of…
The flagship cryptocurrency kicked off the week on the right foot, rising to a high of $9,800 on Monday. But the upswing appears to have been significant enough for some investors to take profit. Subsequently pushing the price of Bitcoin down to nearly $9,000.The sudden bearish impulse wiped out over $62 million worth of long…
Bitcoin has formed a “Death Cross” pattern on its daily chart as price slips ahead of the New York opening bell.The cryptocurrency’s 50-day simple moving average today closed above its 20-day exponential moving average.The pattern surfaced as the U.S. futures signaled a negative session ahead. Bitcoin and the S&P 500 have shown a positive correlation.Bitcoin’s…
Bitcoin started a sharp decline after it failed to continue higher above $9,800 against the US Dollar. BTC is currently testing the $9,200 support, below which it could decline further.Bitcoin is down more than 4% and it broke the key $9,500 support level.The price is trading near the $9,200 support and well below the 100…
Bitcoin has seen a sharp correction after tapping $9,800 during Monday’s trading session. As of the time of this article’s writing, the cryptocurrency trades for $9,300 — more than 5% below the highs.This rejection at a crucial resistance zone (~$10,000) has confirmed to a number of analysts that more downside is likely. A historically-accurate trader…
Less than 48 hours ago, Bitcoin price was trading at over $9,700. Today, it hit under $9,200 at the low on Coinbase.Data shows that the selloff was preceded by a massive outflow from miners to cryptocurrency exchanges. If miners were indeed behind selling down the recent rally, why aren’t they holding post-halving as expected?Bitcoin Miners…
Gold this week reached a price not traded at since nine full years ago, fueled by a mad dash to safe-haven assets. Could the same surge in safe-haven interest that gold is experiencing soon translate into a boost in Bitcoin?Gold Targets All-Time Highs After Reaching New Nine-Year-RecordThis week, as economic uncertainty continues to create chaos…
Bitcoin may see a major boost in demand following Brazil’s Central Bank blocking payments from the WhatsApp messenger app in the country.Brazil is the app’s second-largest market, leaving a massive hole that could soon be filled by cryptocurrencies.Central Bank Of Brazil Suspends Facebook’s WhatsApp Payment FeatureIn a move to “preserve an adequate competitive environment,” the…
Bitcoin is at risk of plunging towards $9,000 on a negative outlook for the S&P 500 index.Wall Street firm BTIG LLC has warned that the U.S. benchmark could correct towards the lower end of its current trading range.The downside move in the index could lead investors to offset their losses by selling Bitcoin and other…